Business and Finance News

US could be going down Japanese path
Bangladesh News.Net
While the United States remains the world's most competitive economy, it risks falling into economic recession like Japan in the 1990s.
South Korea-US trade pact proves unpopular
Bangladesh News.Net
The Seoul government has said a free trade pact with the United States will help South Korea weather tough economic times ahead.
More oil employees kidnapped in Nigeria
Bangladesh News.Net
Eleven Chevron employees have been kidnapped in Nigeria.
KLM-Air France puts up international fares
Bangladesh News.Net
KLM-Air France is once again raising the surcharge passengers must pay to compensate for the increase in oil prices.
Changi Airport set for more expansion
Bangladesh News.Net
After several years in planning and construction, Terminal 3 in Changi Airport, Singapore opened for scheduled flights in January.
Abu Dhabi in a new construction phase
Bangladesh News.Net
Housing shortages in Abu Dhabi are due to ease within the next three years as construction under way provides a new supply of units to the market.
Bali to welcome cruise ships in new port
Bangladesh News.Net
Indonesia's island resort of Bali will soon have a modern and permanent port for foreign cruise ships.
White House warns of continuing high food bills
Bangladesh News.Net
White House officials claim high global food prices will linger for two to three years while the world replenishes food stocks.
Hong Kong keen to attract overseas fund managers
Bangladesh News.Net
Hong Kong's government is calling on foreign fund managers to tap the huge domestic savings of China.
Zimbabwe prints mammoth bank note
Bangladesh News.Net
Zimbabwe has introduced a new half-a-billion dollar bank note in a bid to tackle cash shortages fed by rampant inflation.
Asian stocks firm after benign US inflation
Business Times
Asian shares rose on Thursday, with some indexes at multi-month highs, after benign US inflation data that might give the Federal Reserve room to keep US interest rates low to deal with...
Microsoft Seeks Alternatives to Low-Cost Laptops
CIO
2008 &mdash; IDG News Service &mdash; Microsoft is looking at alternatives to ultra-low-cost laptops in the drive to arm people in developing nations with a way to communicate and...
Suffolk seeks snitches to enforce worker-status bill
Newsday
Suffolk will enforce its worker-status bill in much the same way cops sometimes catch crooks: It'll use snitches. The legislation, which County...
Investor Icahn Urges Yahoo-Microsoft Merger
NPR
2008 &middot; After Microsoft withdrew its bid for Yahoo, it's been reported that billionaire Carl Icahn bought 50 million shares of Yahoo. Apparently, he wants to see the two companies...
Icahn to fight Yahoo to accept Microsoft bid
Reuters
Carl Icahn has launched a proxy battle to force Yahoo Inc to reopen buyout talks with Microsoft Corp, the billionaire investor said in a letter to the Internet company on...
Jobless claims rise 6,000 in latest week
Reuters
The number of U.S. workers filing claims for initial jobless benefits rose by 6,000 in the latest week while the number on benefit rolls after a first week of aid hit a...
Gold closes over $13 higher on lackluster U.S. economic data
Market Watch
Gold futures closed with a gain of more than $13 an ounce Thursday to recoup part of the more than 2% loss they suffered in three sessions, finding support from...
Microsoft in deal on European environment data
Examiner
News ) - Microsoft Corp. says it is collaborating with the European Environmental Agency to make information about local air and water pollution levels freely available to consumers through Microsoft...
Do NBA dancers put fannies in seats
MSNBC
... this site . A dance bracket lets fans vote for their favorite dance squad (this year's winner: the Miami Heat, a two-peat for former coach Pat Riley). A news item reveals the fact the A-Town Dancers...
Investor launches Yahoo challenge
BBC
The billionaire investor Carl Icahn has launched a battle to topple the Yahoo board and replace its 10 members with his own slate of directors. Mr Icahn said in a letter to Yahoo that it was clear...
Sony shares rise in Tokyo after upbeat earnings
The Seattle Times
TOKYO &#8212; Sony shares jumped nearly 9 percent in Thursday trading in Tokyo, a day after the Japanese electronics and entertainment company released upbeat earnings that included a record fiscal...
Stocks gain on oil
Reuters
Stocks rose on Thursday as a drop of more than $2 in crude oil prices eased worries about the impact of higher energy costs on consumer spending.
Home builder sentiment nears record low in May
Reuters
Home builder sentiment fell for the first time in four months in May, edging closer to the record low set in December, as market conditions continued to worsen, an industry group...

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